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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Celsius Holdings, Inc. (CELH). Click either name above to swap in a different company.
Celsius Holdings, Inc. is the larger business by last-quarter revenue ($721.6M vs $472.5M, roughly 1.5× AeroVironment Inc). Celsius Holdings, Inc. runs the higher net margin — 3.4% vs -3.6%, a 7.0% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 117.2%). AeroVironment Inc produced more free cash flow last quarter ($-55.9M vs $-130.0M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 42.4%).
AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma. Through its acquisition of BlueHalo i...
Celsius Holdings, Inc. is an American company that produces a range of fitness and energy drinks under the brand name Celsius. The company's products are marketed as healthy, to which the CEO attributes the brand's success.
AVAV vs CELH — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $721.6M |
| Net Profit | $-17.1M | $24.7M |
| Gross Margin | 22.0% | 47.4% |
| Operating Margin | -6.4% | 3.6% |
| Net Margin | -3.6% | 3.4% |
| Revenue YoY | 181.9% | 117.2% |
| Net Profit YoY | -875.1% | 231.1% |
| EPS (diluted) | $-0.34 | $0.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $472.5M | $721.6M | ||
| Q3 25 | $454.7M | $725.1M | ||
| Q2 25 | $275.1M | $739.3M | ||
| Q1 25 | $167.6M | $329.3M | ||
| Q4 24 | $188.5M | $332.2M | ||
| Q3 24 | $189.5M | $265.7M | ||
| Q2 24 | $197.0M | $402.0M | ||
| Q1 24 | $186.6M | $355.7M |
| Q4 25 | $-17.1M | $24.7M | ||
| Q3 25 | $-67.4M | $-61.0M | ||
| Q2 25 | $16.7M | $99.9M | ||
| Q1 25 | $-1.8M | $44.4M | ||
| Q4 24 | $7.5M | $-18.9M | ||
| Q3 24 | $21.2M | $6.4M | ||
| Q2 24 | $6.0M | $79.8M | ||
| Q1 24 | $13.9M | $77.8M |
| Q4 25 | 22.0% | 47.4% | ||
| Q3 25 | 20.9% | 51.3% | ||
| Q2 25 | 36.5% | 51.5% | ||
| Q1 25 | 37.7% | 52.3% | ||
| Q4 24 | 39.1% | 50.2% | ||
| Q3 24 | 43.0% | 46.0% | ||
| Q2 24 | 38.4% | 52.0% | ||
| Q1 24 | 36.1% | 51.2% |
| Q4 25 | -6.4% | 3.6% | ||
| Q3 25 | -15.2% | -11.0% | ||
| Q2 25 | 5.0% | 19.3% | ||
| Q1 25 | -1.8% | 15.8% | ||
| Q4 24 | 3.7% | -5.6% | ||
| Q3 24 | 12.2% | -1.2% | ||
| Q2 24 | 3.0% | 23.4% | ||
| Q1 24 | 7.7% | 23.4% |
| Q4 25 | -3.6% | 3.4% | ||
| Q3 25 | -14.8% | -8.4% | ||
| Q2 25 | 6.1% | 13.5% | ||
| Q1 25 | -1.0% | 13.5% | ||
| Q4 24 | 4.0% | -5.7% | ||
| Q3 24 | 11.2% | 2.4% | ||
| Q2 24 | 3.1% | 19.8% | ||
| Q1 24 | 7.4% | 21.9% |
| Q4 25 | $-0.34 | $0.04 | ||
| Q3 25 | $-1.44 | $-0.27 | ||
| Q2 25 | $0.59 | $0.33 | ||
| Q1 25 | $-0.06 | $0.15 | ||
| Q4 24 | $0.27 | $-0.10 | ||
| Q3 24 | $0.75 | $0.00 | ||
| Q2 24 | $0.18 | $0.28 | ||
| Q1 24 | $0.50 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $588.5M | $398.9M |
| Total DebtLower is stronger | $747.5M | $676.9M |
| Stockholders' EquityBook value | $4.4B | $1.2B |
| Total Assets | $5.6B | $5.1B |
| Debt / EquityLower = less leverage | 0.17× | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $398.9M | ||
| Q3 25 | $685.8M | $806.0M | ||
| Q2 25 | $40.9M | $615.2M | ||
| Q1 25 | $47.0M | $977.3M | ||
| Q4 24 | $69.0M | $890.2M | ||
| Q3 24 | $81.2M | $903.7M | ||
| Q2 24 | $73.3M | $903.2M | ||
| Q1 24 | $107.7M | $879.5M |
| Q4 25 | $747.5M | $676.9M | ||
| Q3 25 | $747.5M | $870.5M | ||
| Q2 25 | $30.0M | $871.9M | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $17.5M | — | ||
| Q2 24 | $28.0M | — | ||
| Q1 24 | $40.0M | — |
| Q4 25 | $4.4B | $1.2B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $886.5M | $1.3B | ||
| Q1 25 | $861.1M | $443.1M | ||
| Q4 24 | $858.4M | $399.9M | ||
| Q3 24 | $845.5M | $423.6M | ||
| Q2 24 | $822.7M | $415.8M | ||
| Q1 24 | $813.0M | $338.2M |
| Q4 25 | $5.6B | $5.1B | ||
| Q3 25 | $5.6B | $5.3B | ||
| Q2 25 | $1.1B | $3.8B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $999.2M | $1.7B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $980.3M | $1.6B |
| Q4 25 | 0.17× | 0.57× | ||
| Q3 25 | 0.17× | 0.72× | ||
| Q2 25 | 0.03× | 0.69× | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.05× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-45.1M | $-119.4M |
| Free Cash FlowOCF − Capex | $-55.9M | $-130.0M |
| FCF MarginFCF / Revenue | -11.8% | -18.0% |
| Capex IntensityCapex / Revenue | 2.3% | 1.5% |
| Cash ConversionOCF / Net Profit | — | -4.83× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $323.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $-119.4M | ||
| Q3 25 | $-123.7M | $331.8M | ||
| Q2 25 | $-264.0K | $43.7M | ||
| Q1 25 | $-25.8M | $103.4M | ||
| Q4 24 | $-3.6M | $75.7M | ||
| Q3 24 | $28.4M | $12.9M | ||
| Q2 24 | $-11.7M | $39.6M | ||
| Q1 24 | $52.6M | $134.6M |
| Q4 25 | $-55.9M | $-130.0M | ||
| Q3 25 | $-146.5M | $321.5M | ||
| Q2 25 | $-8.8M | $35.5M | ||
| Q1 25 | $-29.6M | $96.4M | ||
| Q4 24 | $-8.7M | $70.3M | ||
| Q3 24 | $22.9M | $8.7M | ||
| Q2 24 | $-20.8M | $30.4M | ||
| Q1 24 | $48.8M | $130.1M |
| Q4 25 | -11.8% | -18.0% | ||
| Q3 25 | -32.2% | 44.3% | ||
| Q2 25 | -3.2% | 4.8% | ||
| Q1 25 | -17.7% | 29.3% | ||
| Q4 24 | -4.6% | 21.2% | ||
| Q3 24 | 12.1% | 3.3% | ||
| Q2 24 | -10.5% | 7.6% | ||
| Q1 24 | 26.1% | 36.6% |
| Q4 25 | 2.3% | 1.5% | ||
| Q3 25 | 5.0% | 1.4% | ||
| Q2 25 | 3.1% | 1.1% | ||
| Q1 25 | 2.3% | 2.1% | ||
| Q4 24 | 2.7% | 1.6% | ||
| Q3 24 | 2.9% | 1.6% | ||
| Q2 24 | 4.6% | 2.3% | ||
| Q1 24 | 2.0% | 1.3% |
| Q4 25 | — | -4.83× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | 0.44× | ||
| Q1 25 | — | 2.33× | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | 2.03× | ||
| Q2 24 | -1.93× | 0.50× | ||
| Q1 24 | 3.79× | 1.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
CELH
Segment breakdown not available.
